Deck 10: Supply Chain Management

Question 1

Which of the following is NOT a type of e-procurement?

A)Private exchanges
B)Third party auctions
C)Online catalogs
D)Online shopping

Answer 1

D

Question 2

Which of the following is NOT a form of structural change of the supply chain?

A)Forward and backward integration
B)Changes to information systems
C)Major process simplification
D)Outsourcing logistics to a third party
E)Re-configuring retail locations

Answer 2

B

Question 3

The flow of materials from upstream nodes into a company is called:

A)Physical supply
B)Physical distribution
C)Demand management
D)The SCOR model
E)None of the above

Answer 3

A

Question 4

Which of the following does the SCOR model NOT include?

A)Make
B)Deliver
C)Return
D)Source
E)All of the above are included

Question 5

The design and management of seamless,value-added processes across organizational boundaries to meet the real needs of the end customer is called:

A)Demand management
B)Distribution channel management
C)Supply chain management
D)Logistics management

Question 6

Which of the following is a way to improve the infrastructure in the supply chain?

A)Forward and backward integration
B)Major process simplification
C)Setup time reduction
D)Major product redesign
E)Outsourcing logistics to a third party

Question 7

______ _______ _______ is a partnership of retailers,wholesalers,and manufacturers aimed at managing both demand and the supply chain.

A)Effective consumer response
B)Effective customer reaction
C)Effective consumer reply
D)Efficient consumer response
E)Efficient consumer reply

Question 8

When labor and overhead costs are held constant while revenues increase,the efficiency of the supply chain:

A)Increases
B)Decreases
C)Stays the same
D)Cannot be determined from the given information

Question 9

The average cash-to-cash cycle is defined as:

A)Days in inventory + Days in account receivable + Days in accounts payable
B)Days in inventory - Days in account receivable + Days in accounts payable
C)Days in inventory + Days in account receivable - Days in accounts payable
D)Days in inventory - Days in account receivable - Days in accounts payable
E)None of the above

Question 10

Which of the following is NOT a characteristic of changes in structure?

A)Are frequently long-range in nature and require considerable capital
B)Include changes in capacity,facilities,process technology,and vertical integration
C)Lead to changes in information systems
D)Are related to bricks and mortar

Question 11

Which of the following statements is NOT true regarding supply chain operations?

A)All elements of the supply chain are interconnected and dependent on each other.
B)Demand changes by the end user can create a bullwhip effect in the supply chain.
C)With perfect information at all levels of the supply chain,there will not be a bullwhip effect.
D)Time lags in the supply chain serve to create fluctuations in orders and inventories.
E)None of the above

Question 12

Which of the following is NOT true of vertical integration?

A)Leads to greater flexibility to changing technology
B)Can result in a loss of economies of scale
C)Helps achieve control of the supply chain
D)Reap profits of the supplier or distributor when there is an attractive return from investment

Question 13

Major product redesign is often needed to make infrastructure improvements in the supply chain.

Question 14

Materials handling,transportation,and warehousing fall under:

A)Logistics
B)Purchasing
C)Demand chain management
D)Fill rate
E)None of the above

Question 15

Which of the following is a form of infrastructure change?

A)Process simplification
B)Product redesign
C)Changes in information systems
D)Forward integration

Question 16

The five measures of supply chain performance are:

A)Cost,quality,flexibility,delivery,and time
B)Cost,quality,time,delivery,and reliability
C)Inventory,quality,time,delivery,and flexibility
D)Inventory,cost,quality,time,and delivery

Question 17

Which of the following statements is NOT true about supply chain dynamics?

A)The supply chain is a highly interactive system.
B)There is an accelerator effect in the supply chain due to replenishment lead-times.
C)The best way to improve the supply chain is to increase the total replenishment time and to feed back actual demand information to all levels.
D)The time lags in the supply chain only serve to create fluctuations in orders and inventories.
E)All of the above statements are true.

Question 18

Order placement via the Internet does NOT include:

A)Increasing the accuracy of the order
B)Faster order entry
C)Manufacturing and shipment status
D)Use of an ERP system to schedule production

Question 19

What are the two fundamental processes in all supply chains that are being affected by the Internet?

A)Electronic interchange and order placement
B)Order fulfillment and order placement
C)B2B and order fulfillment
D)None of the above

Question 20

Which of the following is NOT a specific measure of supply chain performance?

A)Quality
B)Time
C)Innovation
D)Delivery
E)Flexibility

Question 21

What are the tasks in the purchasing cycle?

Question 22

List and define the five ways to change supply chain infrastructure.

Question 23

Demand chain management tries to match supply and demand.

Question 24

Final consumers can be found farthest downstream in the supply chain.

Question 25

List and define the five ways to change supply chain structure.

Question 26

The objective of infrastructure change is the same as structural change: To remove sources of uncertainty,to reduce replenishment time,and to reduce total cost of supplying the market.

Question 27

It is bad to have a negative cash-to-cash cycle as the firm receives cash several days after selling its products.

Question 28

Delivery has three measures: on-time delivery,fill rate,and unit cost.

Question 29

In supply chain improvement,it is often necessary to reduce the setup time of equipment dramatically so that smaller lots of the product can be economically produced.